Are Winds of Change Blowing on California Insurance Law?
It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone ...
Underwriting
FedEx Faces Safety Issues as Driver Accidents, Insurance Costs Rise
FedEx Corp. is pressuring delivery contractors to improve safety after mounting accidents helped trigger a near-tripling of insurance costs over the decade. FedEx is requiring contractors that ...
Farmers Limits New California HO Policies; Insurer Group Calls for Reform
Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier. The move follows a similar decision by State Farm last month and adds to a growing ...
Nationwide E&S Exiting Commercial Auto Effective July 15
Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to ...
How Insurance Is Addressing Climate Change Risks
Insurers have come a long way on climate change, but they have a long way to get where we need to be to deal with a more hazardous planet. That was the assessment from Washington Insurance ...
CEO Viewpoints: How Carriers, Reinsurers Are Reacting to Inflation
During an industry conference last week, leaders of three property/casualty insurance organizations addressed a question about opportunities in the personal, commercial and reinsurance markets by ...
Regulatory Weaknesses, Politics Driving California Exits, Industry CEOs Say
A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in the state of California at an industry conference in late June, pointing ...
Serious Change Underway at SiriusPoint
SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to ...
How 1,000 Owners Keep RLI’s Underwriting Profit Record Going
The underwriting expense ratio at RLI Corp. settles in at about 40 percent year in and year out, yet RLI's overall combined ratio is regularly among the best in the ...
